The Board of Directors of Transics International NV (Transics International) was informed by Mr Herman Wielfaert (representing H&H Capital Management BVBA), non-executive director, Mr Filip De Clercq (representing Sprezzatura BVBA), independent director and Mr Stephan Van Herck (representing V.D.M. BVBA), independent director, of their resignation as director of Transics International effective as from the 12th of February 2014.
These resignations are to be understood in the context of the share purchase agreement that has been concluded between the former shareholders of Tavares NV and WABCO Europe BVBA on the 12th of February 2014, whereby WABCO Europe BVBA acquired all the shares of Tavares NV and indirectly obtained 96,84 % of the shares of Transics International.
Following this share purchase agreement, the Board of Directors of Transics International co-opted three directors who are representing WABCO Europe BVBA as a non-executive director in the Board of Directors of Transics International as from the 12th of February 2014: Nick Rens, Jozef Van Osta and Vincent Pickering.
The Board of Directors of Transics International wants to thank Mr Wielfaert, Mr De Clercq and Mr Van Herck for their dedication as director of Transics International and welcomes Mr Rens, Mr Van Osta en Mr Pickering as new members of the Board of Directors.
Transics International NV, a WABCO company, was established in 1991. Transics develops and commercialises fleet management solutions for the transport and logistics sector. Due to many years of experience, thorough R&D efforts and an intensive focus on the customer experience, Transics has become a European leader in its sector and is working on its global expansion. In addition to its headquarters in Ypres (Belgium), Transics is active throughout Europe. The company has been quoted on the stock exchange (NYSE Euronext Brussels: TRAN) since June 2007.